Interview with CEO of Snowline
I think this was posted before but it's worth listening to again. My own thoughts on why the stock sold off is not due to hole 32. That hole was excellent. I think it was due to hole 15 which came back with a lower grade than was expected. The hole was fully mineralized with economic gold values of 0.65 g/t but this part of the intrusion isn't as good as the western half or at least that is what the results are indicating. Still great results for this type of reduced intrusion related gold system as Scott Berdahl pointed out but not the awesome high grade they got in earlier holes.
Still a great gold deposit that may even be larger than the famous Fort Knox gold deposit in Alaska but this is what happens when guys like Quinton Hennigh come out and get everyone pumped about the possibility of a 35 million ounce deposit and you end up with a 10 million ounce deposit. Still great but it's a bit of a let down compared to what everyone was hoping for. Still lots of great holes to be released and I still think the eventual valuation of Snowline will be much much higher than it is currently.
Great buying opportunity for new investors. Still early in the discovery stage so this thing is wide open at depth and off to the west. The near surface high grade section of the deposit makes it a very attractive gold deposit for a major. Better than anything else in the Yukon. Goldcorp paid $520 million for Kaminak back in 2016 so someone should be willing to pay at least double that amount for the Valley deposit. Perhaps three times as much but it is still too early to know for sure as rediredgeo has so astutely pointed out. But it is fun to speculate a bit. Quinton Hennigh needs to relax on his outrageous estimates in the future. Just my opinion. Long and strong on SGD!!!
https://m.youtube.com/watch?v=AKMni3tMUWY